Edge Data Center Market To Exhibit A Lucrative Growth Of 20% by 2024 | North America to emerge as the pioneering regional contenders

Growing demand for edge and cloud computing technology is driving the edge data center market. These technologies allow organizations to set up their infrastructure facilities close to the source of data generation. It offers complete control over the data processing and storage at the edge of a network rather establishing it in a centralized warehouse. Several advantages of these technologies in the industrial sector include reduced network traffic, real-time data analysis, low operating costs, and improved application performance. The organizations are witnessing a rapid increase in the data processing frequency and rate, enhancing the business operations and fueling the market growth.
Moreover, the edge data center market is witnessing a growth due to the increased adoption of these facilities in harsh environmental conditions such as bad weather. These facilities are pre-built, offering protection from humidity, heat, rain, fire, etc., which can cause catastrophic damages to these devices. The products offered by manufacturers in the market are integrated with several cooling and fire protecting devices, saving infrastructure facilities from the external factors that can damage them. Moreover, the applications of these facilities offer an increased level of physical as well as data layer security. The data loss and theft instances are increasing in several industry verticals, encouraging the players to adopt a secured data environment, thereby propelling the market growth.
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The IT & telecom sector is witnessing a high adoption in the edge data center market. A rapid increase in the amount of data generated in the telecom sector is expected to drive the industry demand. The telecom operators are offering flexible offers, plans, and 4G internet connectivity, which are responsible for the generation of such massive information. Moreover, the companies are dependent on these facilities for a secure environment that will allow them to store confidential customer information to reduce the chances of data thefts. Increasing demand for 5G connectivity in the telecommunication industry is forcing the companies to depend on the edge computing technologies as operators are planning to locate the facilities close to 5G towers.
Europe edge data center market will observe traction with the rising interest of global companies to expand their business operations in the region to manage the massive data generated in several application industries. For instance, in November 2018, EdgeConneX announced the acquisition of the Linxdatacenter facility based in Poland. The newly acquired data center facility will support the company's expanding business operation in the country. The favorable environmental conditions and the availability of other resources, such as suitable government regulations and the availability of the suppliers, are encouraging the players to select the region for deploying their infrastructure facilities, thereby driving the market demand.
All in all, the rising network consumption in the telecommunications industry consumers and the augmented utilization of edge computing in other sectors will fuel the global edge data center market, with its valuation estimated to cross USD 13 billion by 2024. Fast-growing companies like Anixter, Cisco Systems, Dell, EdgeConneX, 365 Data Centers, Panduit Corp, Schneider Electric, and many others offer the required edge data center infrastructure, equipment and third party services.